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By the end of August 2015 Armeec is still the number one general insurer

Pazar August 2015

The company is the leader on the Casco and Travel Assistance insurance market

By the end of August 2015 Armeec holds the first place on the general insurance market with a share of 13.7% and premium income in the amount of nearly BGN 138 million showing an increase of 8% compared to the same period of last year. And just days ago the traditional SEE Top 100 ranking of the news agency SeeNews placed Armeec, as the most successfully performing Bulgarian insurer, twentieth in its rank list. Thus, for the fifth consecutive year this company has found a place among the top insurance companies ofSoutheast Europe.

During the last four years Armeec has been the unchallenged leader in the insurance "Casco of motor vehicles" sales and by the end of August 2015 total revenues amounted to BGN 75.5 million with a 24% share on this sector of the insurance market. In the sphere of the mandatory "Civil Liability Insurance" Armeec has been able to generate a premium income of BGN 38.9 million and has covered a market share of 10% which is an increase by some 4% compared to the previous period.

Armeec Insurance has successfully held its leading position in the "Travel Assistance" insurance sales with a premium income of BGN 2.6 million and a 23% market share. As far as the "Accidents" insurance sales are concerned, growth has amounted to 7% compared to the same period of 2014 with premium revenues reaching almost BGN 2.6 million.

By the end of July 2015 the company has realized a growth in the collected revenues from the sales of „Cargo and carrier insurance“, property and marine insurance as well as from the “Financial risks” insurance sector”.